The Bloom Organization announces its client, Tricity Pain Associates (“TCP”) and Interventional Pain Management (“IPM”), has been acquired by Spindletop Capital Management (SCM).
This transaction and growth capital partnership results in the formation of a new pain management MSO (management services organization) and platform through which SCM and the physicians of Tricity Pain Associates and Interventional Pain Management will grow the company.
Tricity Pain Associates and Interventional Pain Management (www.tricitypaindoc.com and www.sapaindoc.com) with a network of 11 clinical locations and ambulatory surgery centers in and around the San Antonio, Texas, area, was founded in 2004 by Urfan Dar, MD. Dr. Dar, who has been in private practice in San Antonio since 1994, will serve as the CEO of the new MSO.
SCM, based in Austin, Texas, is a healthcare growth equity and growth buyout firm focused on providing expansion capital for commercial stage healthcare companies. The firm, founded in 2011, was led in this transaction by Dr. Evan Melrose and Mitun Ranka.
The Bloom Organization was the sell-side investment banker to TCP and IPM, with Bob Goettling and Brian Liberty serving as the firm’s leads.
“Dr. Dar is a visionary in pain management and has been instrumental in growing Tricity Pain Associates and Interventional Pain Management into a leading provider of high-quality pain care for patients in the San Antonio area,” says The Bloom Organization. “Through the partnership with SCM, a firm with an impressive team of investment professionals who are extremely knowledgeable about the healthcare sector and emerging markets, Dr. Dar and the physicians at Tricity Pain Associates and Interventional Pain Management will receive support and resources to help expand their much-needed, cutting-edge services and further cement their position as the providers of choice for pain relief treatment.”
McDermott, Will & Emery, led by Krist Werling, provided legal counsel to SCM.
DLA Piper, led by Joshua Kaye, Partner and Chair of the firm’s U.S. healthcare sector, provided legal counsel to Tricity Pain Associates and Interventional Pain Management.